Gold downtrend
Gold
The price failed to break through the main daily resistance level, which means the bulls are exhausted. The market dropped from the resistance zone and it's forming a triangle pattern. Price made fake of the resistance by making a tweezer top candle formation. I think the market might retest the 2000 mark. I expect breakout of the ascending channel and down move. My goal is a support around 2004 - 2005 zone
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My past forecasts on GOLD 👩💻
№1GOLD +230p✅
№2GOLD +258p✅
№3GOLD +280p✅
№4GOLD +388p✅
№5GOLD +196p✅
№6GOLD +215p✅
№7GOLD +192p✅
№8GOLD +172p✅
№9GOLD +250p✅
№10GOLD +168p✅
№11GOLD +151p✅
№12GOLD - 109p❌
№13GOLD +132p✅
№14GOLD +188p✅
№15GOLD +175p✅
№16GOLD +219p✅
№17GOLD +230p✅
№18GOLD - 84p❌
№19GOLD +340p✅
The price failed to break through the main daily resistance level, which means the bulls are exhausted. The market dropped from the resistance zone and it's forming a triangle pattern. Price made fake of the resistance by making a tweezer top candle formation. I think the market might retest the 2000 mark. I expect breakout of the ascending channel and down move. My goal is a support around 2004 - 2005 zone
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩💻
№1GOLD +230p✅
№2GOLD +258p✅
№3GOLD +280p✅
№4GOLD +388p✅
№5GOLD +196p✅
№6GOLD +215p✅
№7GOLD +192p✅
№8GOLD +172p✅
№9GOLD +250p✅
№10GOLD +168p✅
№11GOLD +151p✅
№12GOLD - 109p❌
№13GOLD +132p✅
№14GOLD +188p✅
№15GOLD +175p✅
№16GOLD +219p✅
№17GOLD +230p✅
№18GOLD - 84p❌
№19GOLD +340p✅
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